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Ant Unveils Singapore Digital Bank in Southeast Asian Push

  • ANEXT Bank will focus on small and midsized businesses
  • Fintech giant will hire mostly local workers, bank CEO says
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Billionaire Jack Ma’s Ant Group Co. launched its digital bank in Singapore, as China’s largest online financial platform branches out of its home market amid regulatory headwinds. 

ANEXT Bank will provide digital financial services to micro, small and medium-sized enterprises, particularly those with cross-border operations, it said in a statement on Monday.